Luohan Academy was founded in Hangzhou on June 26th, 2018. It is an open research institute initiated by the Alibaba Group and launched by world-renowned social scientists, which consist of the academy's academic committee, including seven Nobel Prize laureates in economics. Luohan Academy will dedicate itself to collaborating with world-class social scientists and practitioners to collectively explore and shape the consensus regarding how to embrace the social and economic transformations brought by digital technology. The purpose of Luohan Academy is to serve the society at large, addressing the most important global challenges as well as having an eye for humanity’s long-term future.